Information Relative to Voluntary Associations Owning or Controlling Public Service Corporations (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 Excerpt: ...hands any trust moneys or securities may be deposited or come, nor for any defect in title of the said property and effects specified in the First Schedule hereto or other properties or securities acquired for the trust, nor for any loss unless it shall happen through their own wilful default respectively, and shall be entitled to indemnity out of the trust premises against any liability incurred by them in the execution of the trusts hereof. And no Trustee of these presents however appointed shall be obliged to give any bond or surety or other security in respect of the trusts hereof. Eighteenth. From and after the execution of these presents, as to any and all of the property and effects specified in the First Schedule hereto that may not have been effectually and perfectly vested in the. Trustees upon the trusts hereof, and until the same shall have been effectually transferred to the Trustees, the said Alexander S. Webb, Junior, shall hold the same upon trust for transfer thereof to the Trustees in such manner that the same shall be effectually and perfectly vested in them, except as herein otherwise provided, and subject thereto shall hold the same upon the trusts herein declared concerning the same as if the same had been so transferred. Duration Op The Trusts. Nineteenth. The trusts hereinbefore expressed shall continue in such manner that the Trustees and Directors shall have all the powers and discretions expressed to be given to them respectively by these presents, and that no Shareholder shall be entitled to put an end to the same or to require a division of the trust premises or any part thereof except as herein provided, until the expiration of seventy-five (75) years from the date hereof or the expiration of twenty-one (21) years from the deat...